I own a very small number of high resolution albums. I've found that some of them have less dynamic range than the original album. Fleetwood Mac's Rumours albums is a good example. The high res (94/24) version has about 3 dB less dynamic range than the CD version that I have. Does it sound better or worse? It's really hard to tell because the mix is different. It sounds louder. For many people this would cue them to think that the high resolution version has more of something because it's louder.
Interestingly, in the home theater realm. with DTS-HD-MA or Dolby True-HD tracks, I hear a remarkable difference from what I used to get from DVDs sound tracks. I'm talking night and day, slap you in the face, and bring you a drink. Is this difference from the format differences? The format went from a medium bit rate lossy format (Dolby Digital or DTS) to lossless high bit rate. It also went from 16 bits to 24. Sample rates should be the same for most tracks.
Or is it, again, the mix? I'm really not sure. What I can tell you for sure is:
1. High resolution audio albums seem questionable to me in terms of improvement over CD. Maybe I hear something I like better, maybe I don't.
2. High resolution, lossless movie audio is a revelation. It's so incredibly different that I encouraged a friend to purchase a new home theater receiver that can play modern formats, just to hear the differences. (His old one did not have HDMI). He heard the difference and was impressed.
Brian.